U.S. Senate Panel Paves The Way For Trump's Tax Cuts

Published on 29 Sep 2017, 18:17
On Friday, a US Senate panel took President Donald Trump's proposed tax cuts a step forward when they unveiled a budget plan that acknowledges lost revenues from tax cuts, while Trump continues to press ahead with selling the proposal to the public. Trump’s tax proposal, revealed by Republicans on Wednesday, would offer trillions of dollars in tax cuts to businesses and individuals. Democrats have argued that the proposal mostly benefits corporations and the wealthy and that it threatens to balloon the already huge federal deficit.

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